Retail for Sale

Shops 1and2, 584 Military Road Mosman, NSW 2088

Auction: Wed 13 June 2018
  • Building: 185m²

Auction details

  • Auction
    13June10:30am
    10:30am
    Level 17, 135 King Street, Sydney

Auction location: Level 17, 135 King Street, Sydney

Contact the agent if you'd like further information.

Enquire with Agent
Retail for Sale in Mosman

OUTSTANDING RETAIL INVESTMENT PRIME CORNER LOCATION WITH FUTURE OPPORTUNITY

  • Building: 185m²

We are pleased to present Shops 1&2, 584 Military Road, Mosman for Sale by Auction.

This exceptional property is positioned in one of the most visible corner locations in Mosman and seen by hundreds of thousands of commuters each week. With exceptional presence the showroom has in excess of 30 metres* of street frontage and dominates the entry to Mosman's commercial hub. Shop 1 & 2, 584 Military Road, Mosman is leased to the renowned interior designer and fine furniture retailer Renee's House of Designs. The property includes 6 security car spaces together with 26 sqm* of storage space on title and exclusive use of the dedicated loading dock and a further retail storage area. The shop also has use of numerous visitor car spaces.

The retail space offers a very generous area of 185 sqm* with a commanding and prominent corner frontage to Military Road. This property offers an outstanding opportunity for upside with potential for future subdivision (STCA). The shop is complete with its own internal toilet facilities and has a rear entrance for direct access to the car park and loading dock.

The shop is surrounded by some exceptional business including Mosman Toyota, Mosman Hotel, Fitness First and just a short stroll to Spit Junction and the finest cafes, restaurants and retailers Mosman has to offer.

Property Highlights:

  • Retail showroom area of 185 sqm*
  • Exclusive use of six security car spaces
  • One of the finest retail showrooms in Mosman with an extraordinary 30 metres* of shop frontage
  • Exclusive use of dedicated loading dock and storage with direct access
  • Perfect position dominating the commercial gateway to Mosman's retail hub

Tenancy Highlights:

  • Leased to renowned and long standing interior retailer Renee's House of Designs
  • Net rent $125,920.16 per annum + GST*
  • Fixed 3% annual rent increase per annum
  • 4 year lease term

*All figures are approximate

Auction Date: Wed 13 June 2018, 10:30am
Location: Level 17, 135 King Street, Sydney NSW 2000

To arrange an inspection or for more information contact:
Scott Stephens
0409 960 006
scott.stephens@raywhite.com

or

Frank Bird
0417 427 310
frank.bird@raywhite.com

Building:

185m²

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